NeighborWorks Capital

What NeighborWorks Capital does

NeighborWorks Capital is a national non-profit Community Development Financial Institution (CDFI) founded in 2000 and headquartered in Silver Spring, Maryland. The organization exclusively serves the NeighborWorks America network of nearly 250 non-profit housing and community development organizations operating across all 50 states, DC, and Puerto Rico, providing them with flexible, patient capital that conventional banks typically do not offer to small or rural non-profit developers. Its core products include Loan Capital (predevelopment lines of credit, construction loans, and permanent multifamily loans with LTVs up to 95% and a 90-day close capability), Agency Loans (Fannie Mae, Freddie Mac, and FHA solutions), the NeighborWorks Capital Equity Fund (a LIHTC equity vehicle built in partnership with National Equity Fund), NeighborWorks Capital Consulting (portfolio optimization and strategic advisory), and Capital Raising Strategies that aggregate network-wide demand for institutional funders. Revenue is generated through net interest income on loans, agency lending fees, consulting fees, and equity fund management and arrangement fees; pricing is quote-based and not publicly disclosed. The organization is governed by an independent Board, led by CEO James Peffley (appointed September 2022), and is rated A+/Positive by S&P Global, AA Financial Strength with a 4-star Impact Management rating by Aeris, and is a certified CDFI and Federal Home Loan Bank of Atlanta member. Cumulatively, NeighborWorks Capital has deployed over $600 million to support affordable housing, economic growth, and community revitalization, with a record $64 million deployed in 2024 and over 21,000 affordable rental homes created or preserved since inception.

Name

NeighborWorks Capital

Legal name

NeighborWorks Capital Corporation

Website

https://neighborworkscapital.org

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

NeighborWorks Capital is a national non-profit CDFI serving the nearly 250-member NeighborWorks America network, providing flexible loan capital, LIHTC equity, agency lending, and consulting services to non-profit affordable housing developers across the U.S.

Ownership category

akta.pro rank

Product category

Community Development Lending

NAICS

Other Community Housing Services (624229), Services to Buildings and Dwellings (5617)

SIC

Services-To Dwellings & Other Buildings (7340), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

Community Centers & Neighborhood Support Services (BPAGAEAL)

Keywords

• Community development lending
• Affordable housing finance
• CDFI loan products
• LIHTC equity fund
• Nonprofit consulting services

Headquarters

HQ city

Silver Spring

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Loan Interest Income: Interest income from flexible, patient loans for real estate development, predevelopment lines of credit, construction loans, and permanent multifamily loans
2. Consulting Services: Fees from providing strategic advisory services, portfolio optimization, and organizational growth consulting to NeighborWorks organizations
3. Agency Lending Fees: Fannie Mae, Freddie Mac, and FHA lending solutions with low and transparent fees and transaction costs
4. Equity Fund Management: NeighborWorks Capital Equity Fund provides LIHTC equity to network members; management/arrangement fees from fund operations

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

NeighborWorks Capital is a national non-profit Community Development Financial Institution (CDFI) that provides flexible, patient loan capital, LIHTC equity fund products, agency lending solutions (Fannie Mae, Freddie Mac, FHA), and advisory/consulting services to nearly 250 NeighborWorks America network member organizations developing affordable housing and community facilities across the United States.

Product overview

NeighborWorks Capital is a national non-profit Community Development Financial Institution (CDFI) serving the NeighborWorks America network. The organization operates as a single, unified platform providing financial products rather than a modular platform architecture. Its core offerings consist of five integrated solutions: Loan Capital (flexible, patient loans for real estate development with LTVs up to 95%), NeighborWorks Capital Consulting (advisory services for strategic planning and portfolio optimization), NeighborWorks Capital Equity Fund (LIHTC equity with standardized terms for network members), Agency Loans (Fannie Mae, Freddie Mac, and FHA solutions), and Capital Raising Strategies (connecting the network with investors through the Capital Aggregation Strategy). The products are designed to work together to support affordable housing development, economic growth, neighborhood revitalization, and community services across the country.

Differentiator

Problem solved

Functional benefit

Brands

• NeighborWorks Capital Equity Fund: A groundbreaking Low-Income Housing Tax Credit (LIHTC) partnership with National Equity Fund that provides equitable LIHTC terms for NeighborWorks America network members.
• NeighborWorks Capital Consulting
• The Neighborhood Fund

Products and services

• Loan Capital Flexible, patient loans for real estate development, predevelopment lines of credit, construction loans, and permanent multifamily loans; LTVs up to 95% for operating property acquisitions for NeighborWorks network organizations.
• NeighborWorks Capital Consulting

Quantifiable outcome

• Over $600 million in total funding provided
• +5 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and moderate.

• National Equity Fund (NEF)coreStrategic or Co-development Partner · 17 April 2024Groundbreaking LIHTC equity fund partnership launched April 2024; inaugural fund closed with $110.4 million to support 7 developments creating 517 affordable housing units; exclusive to NeighborWorks America network members; provides standardized, equitable LIHTC terms comparable to large for-profit developers; over 30 years of NEF collaboration with NeighborWorks organizations
• Fannie MaecoreChannel Partner/ Reseller/ DistributorAgency lending partner providing Fannie Mae solutions with low and transparent fees and transaction costs for multifamily affordable housing
• Freddie MaccoreChannel Partner/ Reseller/ DistributorAgency lending partner providing Freddie Mac solutions with low and transparent fees and transaction costs for multifamily affordable housing
• Federal Home Loan Bank of AtlantacoreStrategic or Co-development PartnerMembership provides access to competitively priced financing and affordable housing and community development grants; partnered on $2 million award for affordable housing in Austin, Texas
• NeighborWorks AmericacoreStrategic or Co-development PartnerStrategic partner that has provided over $43 million in permanent equity capital and operating support; enables NeighborWorks Capital to leverage investments from financial institutions, social investors, and foundations; provides network of nearly 250 member organizations
• Century HousingmoderateStrategic or Co-development PartnerPartnership on $19 million East of Eaton construction loan for CHIP affordable housing rehabilitation in Chico, CA

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Local Initiatives Support Corporation (LISC): National CDFI deploying loans, equity, and capacity-building grants for affordable housing and community development. Direct peer — directly comparable mission, product mix (loan capital plus advisory), and target borrower base of community-based non-profits.
• Capital Impact Partners: National CDFI providing loans, equity, and capacity-building services to underserved communities, with a strong focus on affordable housing and cooperatives. Direct peer — comparable CDFI model with similar mission, borrower profile, and product suite.
• Reinvestment Fund: Pennsylvania-based CDFI providing flexible capital, policy analysis, and consulting for affordable housing and community development. Direct peer — NeighborWorks Capital's Chief of Consulting (Nancy Wagner-Hislip) was previously CIO at Reinvestment Fund, and both offer integrated lending plus advisory services to mission-aligned borrowers.
• Low Income Investment Fund (LIIF): National CDFI financing affordable housing, childcare, education, and community facilities for low-income communities. Direct peer — overlaps in flexible patient capital to non-profit developers and social-purpose real estate projects.
• Cinnaire: Midwest-based CDFI focused on affordable housing and community development lending; NeighborWorks Capital CEO Jim Peffley previously held senior leadership at Cinnaire. Direct peer — overlapping product set (predevelopment, construction, permanent loans, LIHTC equity) and similar non-profit borrower base.
• Enterprise Community Partners: One of the largest national CDFIs/nonprofits focused on affordable housing and community development, providing debt, equity, and policy advocacy. Direct peer — overlaps in CDFI lending, LIHTC equity, and consulting for affordable housing developers across the U.S.

Broad incumbents

• Mercy Housing: Large national non-profit affordable housing developer and operator, financed in part by CDFIs including NeighborWorks Capital. Broad incumbent — comparable mission in affordable housing finance but operates as a developer/owner rather than a CDFI lender.
• National Equity Fund (NEF): One of the largest national LIHTC syndicators and an affiliate of Local Initiatives Support Corporation. Broad incumbent — NeighborWorks Capital's direct partner on the $110.4M equity fund; comparable in LIHTC syndication but much larger and operates across non-network developers.

Others

• NeighborWorks America: National non-profit housing intermediary that created and supports the network NeighborWorks Capital exclusively serves; has provided over $43M in capital grants and operating support. OTHERS — strategic ecosystem partner (not a competitor) that is also NeighborWorks Capital's primary capital backer and distribution channel.
• Opportunity Finance Network (OFN): National CDFI intermediary and trade association that provides capital, training, and policy advocacy to CDFIs including NeighborWorks Capital (a Financial Justice Fund recipient). OTHERS — not a direct competitor but the ecosystem backbone providing funding and connectivity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/neighborworks-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NeighborWorks Capital